PennyMac Mortgage Investment Trust stock carries a 20.5% yield

Published on 10/06/2026 at 11:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PennyMac Mortgage Investment Trust stock traded at USD 7.87 on October 5, 2026, while analysts set a USD 11.50 consensus target. Second-quarter diluted EPS was USD 0.23 versus USD 0.31 expected.

PMT, US70931T1034, Illustration mit AI erstellt.

PennyMac Mortgage Investment Trust (ISIN US70931T1034) was last at USD 7.87 on the NYSE on October 5, 2026, while its quarterly dividend points to a 20.5 percent yield. The trust's second-quarter results remain the central fundamental reference, with diluted EPS of USD 0.23 versus a USD 0.31 consensus estimate, according to Investing.com.

Second-quarter EPS missed estimates

Business Wire reported that PMT generated USD 20 million of net income attributable to common shareholders, or USD 0.23 per diluted share, on USD 73 million of net investment income in Q2/2026. The result was below the USD 0.31 estimate cited by Investing.com, a gap of USD 0.08 per share.

The earnings mix also matters because PMT redirected capital from lower-return mortgage servicing rights toward higher-yielding credit-sensitive investments, according to Investing.com.

Consensus target stays above the price

The analyst consensus is Hold, based on 9 analysts, with an average target of USD 11.50, a high target of USD 15.00 and a low target of USD 10.00, according to MarketBeat. The average target lies 46.1 percent above the USD 7.87 price.

That valuation gap sits beside a high income distribution. PMT declared a USD 0.40 common-share dividend for the third quarter of 2026, payable on October 23, 2026 to shareholders of record on October 8, 2026, according to Business Wire. The ex-dividend date is October 8, 2026, according to MarketBeat.

PMT remains near its yearly low

PMT's October 5 price stood USD 0.23 above its 52-week low of USD 7.64 and USD 5.94 below its 52-week high of USD 13.81. The session range was USD 7.67 to USD 7.92, with volume of 2,912,804 shares and market capitalization of USD 686.3 million.

PennyMac Mortgage Investment Trust invests primarily in residential mortgage loans and mortgage-related assets, including mortgage servicing rights and mortgage-backed securities. Its externally managed structure connects the trust with PennyMac Financial Services, Inc. for management and servicing functions.

Stock stays below the consensus target

PMT was last at USD 7.87 on the NYSE on October 5, 2026 at 4:00 p.m. ET. The market price, second-quarter earnings miss and USD 0.40 dividend together define the key figures for the stock ahead of the next reported results.